Helping Hands of Midland

Analysis

Helping Hands of Midland is a registered charity in United States, based in Midland, TX. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Helping Hands of Midland reported income of $1.5m and spending of $1.9m, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.5m (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2020, when income rose by 85%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Helping Hands of Midland sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Pathways to Success Inc ($1.5m), Rise for Baby and Family ($1.5m) and Love and Joy Personal Care Home ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 30% of the total. At year end it held assets of $2.0m against liabilities of $2,199, net assets of $2.0m.